Insurance

What is a HELOC, and How Does it Work?

A Home Equity Line of Credit (HELOC) is a flexible way to borrow against the equity in your home for expenses like renovations, debt consolidation, or major purchases. To maximize your chances of qualifying for a HELOC, it’s important to understand the factors that lenders consider, as well as regional differences in eligibility requirements.

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John Wilkinson

John is a long-time writer on consumer financial topics with excerpts and articles found in many of the top financial news producers. Born in Boulder, CO he now resides in San Diego, CA.

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